Prepare a statement of retained earninfs for 2016

The following information for the year ended December 31, 2016, was reported by Nice Bite, Ir Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable $ 45,000 22,800 103,500 102,800 180,500 136,700 10,100 29,500 17,200 23,600 7,000 14,300 6,300 35,700 137,800 25,100 8,000 Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 21,000 23,500 11,000 41,000 83,200 137.000 Prey 13 of 13 . Prepare a statement of retained earnings for 2016. NICE BITE, INC. Statement of Retained Earnings Retained Earnings, January 1, 2016 Retained Earnings December 31, 2016 $ 0